Mustang, OK Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Mustang, OK Housing Market Trends

With 22,959 people, 7,146 houses or apartments, and a median cost of homes of $219,667, Mustang real estate is some of the most expensive in Oklahoma, although Mustang home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Mustang, accounting for 86.88% of the city's housing units. Other types of housing that are prevalent in Mustang include large apartment complexes or high rise apartments ( 8.76%), duplexes, homes converted to apartments or other small apartment buildings ( 2.37%), and a few mobile homes or trailers ( 1.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mustang. Owner-occupied housing accounts for 75.50% of Mustang's homes, and 83.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mustang built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mustang built between 2000 and later ( 31.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.90%).

Mustang Home Appreciation Rates

Appreciation rates for homes in Mustang have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 40.68%, which ranks in the top 40% nationwide. This equates to an annual average Mustang house appreciation rate of 3.47%.

NeighborhoodScout's data show that during the latest twelve months, Mustang's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, Mustang's appreciation rate has been 2.52%, which annualizes to a rate of 10.45%.

Relative to Oklahoma, our data show that Mustang's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.

Average Home Values

 

Median Home Value:
$219,667

Mustang, OK HOME PRICES

> $1,197,000
0.0%
0.0%
$897,001 - $1,197,000
0.0%
0.0%
$598,001 - $897,000
0.5%
0.5%
$478,001 - $598,000
2.3%
2.3%
$359,001 - $478,000
6.5%
6.5%
$239,001 - $359,000
18.1%
18.1%
$120,001 - $239,000
57.5%
57.5%
$60,001 - $120,000
13.3%
13.3%
$0 - $60,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for OK

Value Relative To Nation

Number Of Homes And Apartments:
7,146

Mustang Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
86.06% 3.00%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,385 / per month

Homeownership Rate

Owners
75.5%
75.5%
Renters
24.5%
24.5%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.4%
31.4%
1970 - 1999
54.9%
54.9%
1940 - 1969
12.9%
12.9%
1939 or Older
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
86.9%
86.9%
Townhomes
0.9%
0.9%
Small Apt. Buildings
2.4%
2.4%
Apt. Complexes
8.8%
8.8%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
3.9%
3.9%
2 Bedrooms
9.9%
9.9%
3 Bedrooms
62.2%
62.2%
4 Bedrooms
21.2%
21.2%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES